Norway opens CO2 storage bid

Norway’s Ministry of Petroleum and Energy has invited nominations for offshore areas that might suit exploration for subsea reservoirs for storing carbon dioxide (CO2).

Jun 28th, 2011

Offshore staff

OSLO, Norway – Norway’s Ministry of Petroleum and Energy has invited nominations for offshore areas that might suit exploration for subsea reservoirs for storing carbon dioxide (CO2).

The CO2 will come from Norway’s Mongstad refinery and other sources. The deadline for the industry to nominate suitable offshore locations in the North Sea and Norwegian Sea is Oct. 4 of this year.

The Norwegian Petroleum Directorate (NPD) will perform the technical appraisal of the nominated areas, based on its work to date in connection with CO2 storage. It should submit an atlas of potential storage areas to the Ministry at the end of this year.

This is the first licensing round for CO2 storage on the Norwegian shelf. Statoil has been storing CO2 for some time, first in the Sleipner area of the North Sea, later at Snøhvit in the Barents Sea.

All licensees on the Norwegian shelf have received an invitation for suggestions, and other interested companies can also nominate areas.

“Transport and storage of CO2 from Mongstad will be one of the first projects of its kind where CO2 from a full-scale capture facility is transported in pipelines for storage in the continental shelf. I want to facilitate the participation of companies that have established experience in this area,” said Borten Moe, minister of petroleum and energy.

06/28/2011

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